iShares U.S. Real Estate ETF (NYSEARCA:IYR) Sets New 12-Month High – Time to Buy?

iShares U.S. Real Estate ETF (NYSEARCA:IYR) hit a new 52-week high on Tuesday . The company traded as high as $104.99 and last traded at $104.99, with a volume of 1051047 shares. The stock had previously closed at $103.23.

iShares U.S. Real Estate ETF Stock Up 1.4%

The stock’s 50-day moving average price is $102.25 and its 200-day moving average price is $98.96. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 35.41 and a beta of 0.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in shares of iShares U.S. Real Estate ETF in the 4th quarter valued at $399,722,000. Cibc World Markets Corp acquired a new position in shares of iShares U.S. Real Estate ETF during the fourth quarter valued at $322,756,000. Price T Rowe Associates Inc. MD bought a new position in iShares U.S. Real Estate ETF in the fourth quarter valued at about $276,312,000. WealthNavi Inc. boosted its holdings in iShares U.S. Real Estate ETF by 10.2% in the fourth quarter. WealthNavi Inc. now owns 5,838,937 shares of the real estate investment trust’s stock valued at $548,218,000 after acquiring an additional 540,270 shares during the last quarter. Finally, Jain Global LLC boosted its holdings in iShares U.S. Real Estate ETF by 151.5% in the third quarter. Jain Global LLC now owns 128,767 shares of the real estate investment trust’s stock valued at $12,501,000 after acquiring an additional 378,767 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

About iShares U.S. Real Estate ETF

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market, and includes companies in the industry groups, such as real estate holding and development and real estate investment trusts (REITs).